6th Jul 2016 08:55
LONDON (Alliance News) - Hummingbird Resources PLC on Wednesday said it has awarded the engineering, procurement and construction management contract for its Yonfolila gold project in Mali to SENET (Pty) Ltd.
SENET is a South African project management and engineering company and will carry out detailed engineering while managing the mine construction ahead of anticipated production by the end of 2017.
"With SENET contracted for Yanfolila's mine construction, detailed engineering has now commenced. We have been working with SENET for two years through the optimisation of the project and delivery of the DFS and we look forward to building a mine with them," Managing Director Dan Betts said in a statement.
"SENET were previously involved with Yanfolila when it was owned by Gold Fields so their knowledge of the Project is second to none. Coupled with their long and impressive history of delivering quality projects in Africa, this gives us all great confidence," he added, referring to South African gold miner Gold Fields Ltd.
Shares in Hummingbird were trading up 2.2% at 23.50 pence on Wednesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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